Westrock Company (WRK) : Analyst Rating Update

Westrock Company (WRK) : The consensus on Westrock Company (WRK) based on 11 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Westrock Company (WRK).

Westrock Company (WRK) : Average target price received by Westrock Company (WRK) is $45.67 with an expected standard deviation of $5.7. The most aggressive target on the stock is $56, whereas the most downbeat target is $40. 9 financial analysts are currently covering the stock.

Westrock Company (NYSE:WRK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.99 and $36.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.42, notching a gain of 1.03% for the day. The total traded volume was 2,601,379 . The stock had closed at $37.04 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Westrock Company (NYSE:WRK). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $46 per share from a prior target of $43.3. The rating by the firm was issued on June 13, 2016.

WestRock Company, formerly Rome-Milan Holdings, Inc., is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America, South America, Europe and Asia-Pacific. The Companys products and services include consumer packaging, corrugated packaging, merchandising displays, containerboard, kraft paper, pulp, paperboard, recycling and waste solutions, and specialty paperboard. The Companys consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets, such as printing and converting, solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard, containers, pre-print and microflute packaging, retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.

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